Episode description
Episode description
Chris Logan's journey into the real estate industry is a classic tale of ambition, strategy, and timely decision-making. With limited financial resources and lacking an extensive network, Chris was introduced to the concept of wholesaling during a real estate class. This approach, which involved flipping contracts for substantial profits, immediately resonated with him due to its accessibility and potential returns.
Eager to capitalize on this opportunity, Chris immersed himself in learning through courses and quickly put his knowledge to the test. Despite initial challenges, he successfully closed his first real estate deal six months later, an achievement propelled by his commitment to taking "massive immediate imperfect action."
Two years prior to the pandemic, Chris made a pivotal decision to transition his business to a virtual model. This strategic move not only streamlined his operations but also positioned him advantageously when the global crisis began, underscoring his foresight and adaptability. Chris Logan's story is one of overcoming obstacles with innovative solutions and foresight in the dynamic world of real estate.
Connect with Chris Logan: virtualwholesalingmadesimple.com
TIMESTAMPS
00:00 Started real estate with wholesaling, then went virtual.
04:27 Desire for financial freedom and real estate.
06:47 Consistent effort in wholesaling leads to success.
12:12 Start with cheapest CRM to avoid distractions.
15:16 Chris discusses virtual wholesaling, urges engagement, tips for market selection.
16:52 Use Google to find ideal population size.
21:15 Cold calling drives leads in competitive markets.
25:22 80% of Zillow's estimate, within $10, motivated.
26:52 Key to understanding seller's motivation: ask deeper questions.
31:13 Marketing for buyers is as important as sellers. Join local Facebook groups for targeted exposure.
36:01 Skipping education has a high opportunity cost.
38:31 Book recommendation for real estate investors: "The One Thing" by Gary Keller.
40:03 Comprehensive coverage with opportunity for questions.
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